South Korea’s Woori shuts down Asia multi-strat fund, seeds new hedge fund, will launch FoHFs with Fullerton
From Reuters.com: South Korea's Woori Investment & Securities Co Ltd is set to launch a $30 million fund-of-hedge-funds with Temasek's Fullerton Fund Management, as part of a restructuring of its hedge funds business.
The plan comes after Woori shut down a $60 million offshore hedge fund under its Singapore-based Woori Absolute Partners… After winding-up the Woori Absolute Asia Multi-Strategy Fund,...
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